HSBC to shed assets worth $100 billion and slash 35,000 jobs over three years
February 18, 2020 at 01:19 AM EST
HSBC Holdings said on Tuesday it would shed $100 billion in assets, slashing the size of its investment bank and revamping its U.S. and European businesses - in a drastic overhaul that will mean 35,000 jobs cut over three years.